Is Hyperider safe? Can I get liquidated?

Trades are tiny, capped, and auto-closed each ride, so you cannot be liquidated out of your account the way manual perp trading risks. You can also ride in free practice mode with no wallet and no real trades to learn first.

Does Hyperider take custody of my funds?

No. Hyperider is non-custodial. You keep your funds in your own accounts on each perp DEX. On most venues you sign a trade-only key that can place small orders but cannot withdraw or move your funds; on the few whose keys can do more (Paradex, N1, RISEx) the key stays in your browser and is never sent to a server. Hyperider never holds your assets.

What is Privy and how do I connect?

Privy is the wallet-connection layer Hyperider uses. You connect your existing wallet and approve one signature per venue. No seed phrase is shared, and on most venues the key that signature creates is trade-only and cannot withdraw funds.

Can I try Hyperider without trading real money?

Yes. Tap 'watch a lap' to ride in free practice mode, no wallet, no risk, no real trades. When you are ready, go live and each ride places small real trades on the venue you choose.

How much are the fees?

As low as $0 per $1M of volume on zero-fee venues like Lighter, and single-digit-to-low dollars per $1M on maker-first venues. Hyperider studies live market conditions and routes every drive down the cheapest path it can find, and keeps working to push fees lower.

Do I need an account on the perp DEX?

Yes, you fund and hold your balance on each perp DEX yourself (Hyperliquid, Lighter, Arcus and the rest of the sixteen). Hyperider drives on top of those accounts and never holds custody. Every trade also farms that venue's own points/airdrop.

Quoting study · Oct 17, 17:42 UTC

full 6-hour cycle · published automatically by the fleet

Quote Engine v2 · PAPER report

FINAL · 6.00h elapsed · started 2026-10-17T11:41:58.321Z · clip $100 · halfSpread 1bps · leadMove 1.5bps · maxInv $300

NO ORDERS WERE SENT — simulated quoting against the live RH tape. Strict fills = the tape printed THROUGH our price (certain regardless of queue); marginal = printed AT it (queue-dependent, excluded from capture).

BTC
capture bps
-7.65
mk+10s bps
0.28
spread bps
1.17
fills/hr
2.2
strict fills
13
marginal
0
replaces
233
capture $
-0.994
inv now $
300
mkt $/hr
$1,951,516
15% clip cap
$135196
COINsession gate
capture bps
0.19
mk+10s bps
-0.29
spread bps
3.49
fills/hr
42.1
strict fills
253
marginal
3
replaces
496
capture $
0.476
inv now $
0
mkt $/hr
$41,499
15% clip cap
$148
ORCLsession gate
capture bps
2.62
mk+10s bps
-2.46
spread bps
4.70
fills/hr
11.7
strict fills
70
marginal
1
replaces
253
capture $
1.832
inv now $
300
mkt $/hr
$18,714
15% clip cap
$241
AAPLsession gate
capture bps
0.66
mk+10s bps
0.48
spread bps
0.58
fills/hr
85.8
strict fills
515
marginal
7
replaces
566
capture $
3.405
inv now $
0
mkt $/hr
$1,373,779
15% clip cap
$2402
SUI
capture bps
-16.41
mk+10s bps
-4.26
spread bps
2.26
fills/hr
8.5
strict fills
51
marginal
0
replaces
804
capture $
-8.368
inv now $
300
mkt $/hr
$37,232
15% clip cap
$657
NEAR
capture bps
-4.40
mk+10s bps
-1.06
spread bps
2.88
fills/hr
51.6
strict fills
310
marginal
3
replaces
1243
capture $
-13.648
inv now $
300
mkt $/hr
$136,766
15% clip cap
$397

raw table

| market | spread bps | strict fills | marginal | fills/hr | replaces | capture $ | capture bps | mk+10s bps | inv now $ | mkt $/hr | 15% clip cap |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BTC | 1.17 | 13 | 0 | 2.2 | 233 | -0.994 | -7.65 | 0.28 | 300 | $1,951,516 | $135196 |
| COIN ⏰ | 3.49 | 253 | 3 | 42.1 | 496 | 0.476 | 0.19 | -0.29 | 0 | $41,499 | $148 |
| ORCL ⏰ | 4.70 | 70 | 1 | 11.7 | 253 | 1.832 | 2.62 | -2.46 | 300 | $18,714 | $241 |
| AAPL ⏰ | 0.58 | 515 | 7 | 85.8 | 566 | 3.405 | 0.66 | 0.48 | 0 | $1,373,779 | $2402 |
| SUI | 2.26 | 51 | 0 | 8.5 | 804 | -8.368 | -16.41 | -4.26 | 300 | $37,232 | $657 |
| NEAR | 2.88 | 310 | 3 | 51.6 | 1243 | -13.648 | -4.40 | -1.06 | 300 | $136,766 | $397 |

⏰ = stock-token under the SESSION GATE: quotes only while the underlying is closed (gate 13:00–21:00 UTC Mon–Fri, inventory force-flattened at gate-in; flattens so far: COIN 0 · ORCL 0 · AAPL 0).

Fair-value source mix (fills by source)

BTC
binance 12hyperliquid 0local 1
COIN
binance 0hyperliquid 0local 256
ORCL
binance 0hyperliquid 0local 71
AAPL
binance 0hyperliquid 0local 522
SUI
binance 51hyperliquid 0local 0
NEAR
binance 308hyperliquid 5local 0

Ranking at launch (spread-to-1s-vol)

USO
spread bps
14.23
ratio
13.80
trades/min
0.4 (thin)
vol1s bps
1.03
CLSK
spread bps
66.52
ratio
13.26
trades/min
0.0 (thin)
vol1s bps
5.02
LUNR
spread bps
70.12
ratio
13.11
trades/min
0.2 (thin)
vol1s bps
5.35
QBTS
spread bps
59.91
ratio
7.14
trades/min
0.0 (thin)
vol1s bps
8.40
PLTR
spread bps
3.19
ratio
6.72
trades/min
0.6 (thin)
vol1s bps
0.47
SHEIN
spread bps
45.22
ratio
5.96
trades/min
0.4 (thin)
vol1s bps
7.58
BABA
spread bps
5.51
ratio
5.89
trades/min
0.3 (thin)
vol1s bps
0.93
GOOGL
spread bps
1.18
ratio
5.56
trades/min
4.4
vol1s bps
0.21
XAG
spread bps
0.96
ratio
5.45
trades/min
2.3
vol1s bps
0.18
ANSEM
spread bps
98.23
ratio
5.12
trades/min
0.0 (thin)
vol1s bps
19.17
IREN
spread bps
9.15
ratio
5.11
trades/min
0.1 (thin)
vol1s bps
1.79
RGTI
spread bps
70.70
ratio
4.91
trades/min
0.1 (thin)
vol1s bps
14.40

raw table

| market | spread bps | vol1s bps | ratio | trades/min |
|---|---|---|---|---|
| USO | 14.23 | 1.03 | 13.80 | 0.4 (thin) |
| CLSK | 66.52 | 5.02 | 13.26 | 0.0 (thin) |
| LUNR | 70.12 | 5.35 | 13.11 | 0.2 (thin) |
| QBTS | 59.91 | 8.40 | 7.14 | 0.0 (thin) |
| PLTR | 3.19 | 0.47 | 6.72 | 0.6 (thin) |
| SHEIN | 45.22 | 7.58 | 5.96 | 0.4 (thin) |
| BABA | 5.51 | 0.93 | 5.89 | 0.3 (thin) |
| GOOGL | 1.18 | 0.21 | 5.56 | 4.4 |
| XAG | 0.96 | 0.18 | 5.45 | 2.3 |
| ANSEM | 98.23 | 19.17 | 5.12 | 0.0 (thin) |
| IREN | 9.15 | 1.79 | 5.11 | 0.1 (thin) |
| RGTI | 70.70 | 14.40 | 4.91 | 0.1 (thin) |

Verdict inputs: capture bps = mark-to-fair PnL per strict-filled notional; net expected bps ≈ capture + mk+10s (drift after our fills). Deploy only where BOTH are ≥ 0 across a full day.